Gapped up and ran over the daily R of 14. Looked good to go, through out a limit and filled, put stop under opening drive low and got hit. Small loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-20 09:32:02 | KNDI | buy | $14.050 | long |
2014-02-20 09:32:02 | KNDI | buy | $14.050 | long |
2014-02-20 09:32:51 | KNDI | sell | $13.800 | 0 |
Typical KNDI lol - never trade this stock in the first candle. IMO it is suicide 95% of the time.
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I saw that Kunal played this today. This was really aggressive, but a good idea...
14.00 was strong resistance on Tuesday and if you look at how it traded pre-market, his entry at 14.00 made sense, but partial profits should have been taken at the highs (+ $0.20) ...
http://screencast.com/t/8HxZVkLeLB